Pokershare

[aucu]

Too good, if it worked it had a shot of passing UB and the next largest cash site.
This biz plan will need it´s own platform to work.

[jman220]

[ QUOTE ]
Too good, if it worked it had a shot of passing UB and the next largest cash site.
This biz plan will need it´s own platform to work.

[/ QUOTE ]

Yes, but the fish don't join sites for profit-sharing and good rakeback deals. They join for the flashy advertisements, where they feel lucky, and the pretty colors. So for its own platform to work, Pokershare needs to advertise a lot.

[beanie]

I am fairly certain that was the plan all along. Actually I don't think you ever really saw 100% of PokerShare. From what I know what everyone saw was maybe 20% of the overall package.

[Sniper]

beanie,

Pokershare received an incredible amount of publicity from their unique idea on profit sharing... they now have a big black eye from UB revoking their license and Max (the poker room manager) being virtually silent.

If Pokerhshare hopes to retain the goodwill of their prior customer base, Max will imediately send out a letter to all customers detailing how the "dividend share" will be allocated, on time, to all players.

Anything less, and pokershare is a dead story!!!

[KKsuited]

can someone plaeas explain how the "shares" deal works. So you get shares of an online poker site, which are illegal to own in the US and in many other countries. Sounds like a great deal.

[Photoc]

Pokershare is shutting down. All North American players were kicked off the network at the end of October.

[Sintax]

I don't understand why people never understood this.

When you play at Party Poker, you earn "player club" points. After accumulating a number of these points you can trade them in for wonderful prizes such as wool knit caps.

When you play(ed) at PokerShare you eared "share points". After accumulating a number of these points the idea was that you could trade them in for cash. The amount of that cash was to be determined every four months by the following formula:

((PokerShare Quartly profits X .40)) / Total Number of Share points awarded during the quarter) X Your number of share points.

You don't "own" shares in the company. You don't have voting rights. In other words, the "stock market" theme was their "gimmick". The company was basically just returning 40% of its profits to the players proportionally to how much you played there.

[beanie]

I think he is right though. I expect they still are planning that rather than inadvertently disappointing people again.